Key Takeaways EXE posted Q4 EPS of $2, topping estimates as revenues climbed to $2.3B from $1.6B a year ago.Natural gas output rose 17% and realized prices jumped 33.9%, lifting cash flow to $956M.EXE guides 2026 production up to 7,600 MMcfe/day and plans debt cuts while funding dividends.Expand Energy Corporation (EXE) reported fourth-quarter 2025 adjusted earnings per share of $2, beating the Zacks Consensus Estimate of $1.89. The company’s bottom line increased from the year-ago adjusted profit of 55 cen ...

Expand Energy ( EXE ) has embarked on a self-imposed turnaround in 2026. The company has made aggressive moves by embarking on a CEO change as well as relocating the company to Houston.I am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properties for cash flow and long-term appre ...

Core Viewpoint - Expand Energy Corporation (EXE) reported one of its strongest quarters, yet the stock price has decreased compared to before the earnings announcement [1] Financial Performance - The company achieved significant financial results in the latest quarter, indicating strong operational performance [1] Market Reaction - Despite the positive earnings report, the stock is currently trading at a lower price, suggesting a disconnect between performance and market valuation [1]

Core Viewpoint - EXE is recognized for its promising growth potential and solid financial health, making it a top investment choice despite recent stock price declines [1] Financial Performance - EXE's stock has seen a decline of 5.30% over the past 10 days, which may indicate a local minimum and present a buying opportunity for long-term investors [2][5] - The stock has a current monthly performance of -1.91% [1] Growth Potential - Analysts estimate a significant growth potential of 37.01% from EXE's current price level [2][5] - The target price for EXE is set at $140.78, reflecting confidence in the company's ability to recover and grow [4] Financial Health - EXE has a Piotroski Score of 9, indicating exceptional financial health, strong profitability, liquidity, and operational efficiency [3][5]

Wichterich said natural gas price volatility was evident throughout the quarter and reiterated Expand’s commitment to hedging. He said the company’s hedging program was effective in 2025, generating $200 million in gains. Management also discussed storage as another tool to manage volatility. Dan Turco said Expand owns 5 Bcf of storage capacity, including about 3.5 Bcf added in the most recent quarter on top of 1.5 Bcf previously held. Turco said the company has already made money using the storage and inte ...

Expand Energy (NasdaqGS:EXE) Q4 2025 Earnings call February 18, 2026 09:00 AM ET Company ParticipantsBrittany Raiford - VP, Treasurer, and Interim CFOColby Arnold - Investor Relations ManagerDan Turco - EVP of Marketing and CommercialJosh Viets - EVP and COOKevin MacCurdy - Managing Director in the Research TeamMatthew Portillo - Partner and Head of ResearchMike Wichterich - Chairman of the Board and Interim President and CEONeil Mehta - Managing Director and Head of North American Natural Resources Equity ...

Expand Energy (NasdaqGS:EXE) Q4 2025 Earnings call February 18, 2026 09:00 AM ET Company ParticipantsBrittany Raiford - VP, Treasurer, and Interim CFOColby Arnold - Investor Relations ManagerDan Turco - EVP of Marketing and CommercialJosh Viets - EVP and COOKevin MacCurdy - Managing Director in the Research TeamMatthew Portillo - Partner and Head of ResearchMike Wichterich - Chairman of the Board and Interim President and CEONeil Mehta - Managing Director and Head of North American Natural Resources Equity ...

Financial Data and Key Metrics Changes - The company achieved a 15% reduction in breakevens in the Haynesville, which positively impacts reinvestment rates and inventory management [4] - The company reported $200 million in gains from its hedging program, which has been effective in managing gas price volatility [5] - The company is focused on reducing debt while also returning capital to shareholders, indicating a balanced approach to financial management [4] Business Line Data and Key Metrics Changes - The marketing business has shifted towards premium markets, with nearly 50% of sales now outside of basin sales, reflecting significant progress [6] - The company aims to capture new demand and improve realizations across its business, targeting an uplift of $0.20, which could translate to approximately $500 million in EBITDA [17][18] Market Data and Key Metrics Changes - The Gulf Coast is experiencing growing demand, with approximately 25 billion cubic feet per day of gas demand expected to come online, half of which is driven by LNG [26] - The company is well-positioned to capture this demand due to its proximity to key markets and pipeline capacity [27] Company Strategy and Development Direction - The company is adapting to changes in the natural gas business, focusing on marketing strategies that enhance competitiveness and customer proximity [6][10] - The strategy includes a shift towards integrated operations through partnerships with midstream companies rather than outright ownership [52] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the volatility in gas prices and emphasizes the importance of hedging and disciplined operations to navigate this environment [5][10] - The company is committed to maintaining a strong balance sheet while pursuing growth opportunities, indicating a cautious yet optimistic outlook for the future [36][37] Other Important Information - The company has made significant improvements in its maintenance capital expenditures, reflecting a stronger business performance [44] - The company is actively exploring opportunities in storage capacity to manage market volatility, although it faces competition in acquiring more capacity [85] Q&A Session Summary Question: Characteristics sought in the next CEO - The company is looking for a leader with a broad view of the energy sector who can continue the mission of looking beyond the wellhead and closer to customers [13] Question: Potential uplift in cash flow from marketing optimization - Management believes that moving gas to premium markets will be a near-term catalyst for increasing realizations across the portfolio [15] Question: Challenges in expanding volumes to demand growth areas - The company faces challenges in being more aggressive in reviewing transactions and ensuring physical transportation of gas to customers [64] Question: Cash tax visibility and drivers - The company expects to be a full cash taxpayer by the end of the decade, with increases in cash tax rates anticipated over the next few years [54] Question: Storage capacity and competitive landscape - The company has added storage capacity and plans to grow this position, but it acknowledges the competitive nature of the market [85] Question: Future drilling plans in the Western Haynesville - The company has plans to drill additional wells in the Western Haynesville, with positive initial results from recent drilling activities [47] Question: Marketing strategy regarding LNG and LCM agreements - The company is pursuing both LNG and LCM agreements as part of its marketing strategy to enhance margins [73]

4Q & FY 2025 Earnings FEBRUARY 17, 2026 Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements include our current expectations or forecasts of future events, including matters relating to armed conflict between Russia and Ukraine, instability in the Middle East and Venezuela and changes in China-Taiwan relations, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-13726 EXPAND ENERGY CORPORATION (Exact name of registrant as specified in its charter) Oklahoma 73-1395733 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6100 North Western Avenue, Oklahoma City, Oklahoma 73118 ☒ ANNUAL REPORT P ...